NOT LISTED FOR SALE

280 S Mineral Springs Rd Chesterton, IN 46304

Estimated Value: $349,324 - $376,000

3 Beds
4 Baths
2,600 Sq Ft
$141/Sq Ft Est. Value

Last Sold September 27, 2016

Last sale price $184,900 $71 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $2,484/month

148 Days on Market

Highlights

  • Deck
  • Porch
  • Patio
  • Newton Yost Elementary School Rated A-
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of September 2016

This building is a great investment opportunity.All apartments have been up dated.All major work has already been finished.The owner has never allowed smoking or pets in the building.All apartments have tenants with with one year leases.Two car garage is currently used as a shop by the owner.Please see detailed descriptions of apartments under attached documents.

Last Agent to Sell the Property

Barry Younggreen

Pine Lake Realty License #RB14038738 Listed on: 04/27/2016

Last Buyer's Agent

Denise Wilson

BHHS Executive Group RE License #RB14044517

BHHS Executive Group RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,482

Year Built

  • Built in 1880

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 100x200

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Off-Street Parking

Interior Spaces

  • 2,600 Sq Ft Home
  • Elevator
  • Carpet
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Deck
  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Well

Listing and Financial Details

  • Total Actual Rent $27,780
  • Tenant pays for electricity, gas
  • The owner pays for sewer, water
  • Rent includes trash collection, water
  • Assessor Parcel Number 640334431012

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $2,114
  • Insurance Expense $2,892
  • New Taxes Expense $2,161
  • Net Operating Income $20,630

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,482

Year Built

Built in 1880

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Year Built: 1880
  • Reso Property Sub Type: Quadruplex
  • Road Surface Type: Gravel
  • Co List Office Mls Id: NRA1065
  • Subdivision Name: N A
  • Garage Yn: Yes
  • WaterExpense: 0.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range, Refrigerator
  • Interior Amenities: Elevator
  • Basement: Crawl Space, Full, Sump Pump
  • Flooring: Carpet, Ceramic Tile, Luxury Vinyl
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • ResoLivingAreaSource: Owner

Exterior Features

  • Acres: 0.5
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Deck, Patio, Porch

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, Garage Door Opener, Off Street
  • Total Parking Spaces: 8

Utilities

  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, Natural Gas Available
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Forced Air, Natural Gas, Other
  • Water Source: Well

Condo/Co-op/Association

  • HOA Rent Includes: Trash Collection, Water

Schools

  • Junior High Dist: Duneland School Corporation

Lot Info

  • Lot Dimensions: 100x200
  • Lot Size Sq Ft: 21780
  • ResoLotSizeUnits: Acres
  • Parcel #: 640334431012
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas
  • Owner Pays: Sewer, Water
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 2114
  • Insurance Expense: 2892
  • Total Actual Rent: 27780

Tax Info

  • New Taxes Expense: 2161

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2016
Closed on
Sep 27, 2016
Sold by
Showers Dennis K and Showers Susan J
Bought by
Joedel Vincent M
Seller's Agent
Barry Younggreen
Pine Lake Realty
Buyer's Agent
Denise Wilson
BHHS Executive Group RE
List Price
$184,900
Sold Price
$184,900
Current Estimated Value
$366,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,931
Avg. Annual Appreciation
7.90%
Original Mortgage
$184,900
Interest Rate
3.46%
Mortgage Type
VA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Joedel Vincent M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joedel Vincent M $184,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2016 09/27/16 Sold $184,900 0.0% $71 / Sq Ft
08/28/2016 08/28/16 Pending -- -- --
04/27/2016 04/27/16 For Sale $184,900 -- $71 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,482 $306,900 $28,000 $278,900
2023 $6,422 $289,500 $25,900 $263,600
2022 $5,039 $227,000 $25,900 $201,100
2021 $4,609 $204,900 $25,900 $179,000
2020 $4,240 $188,300 $22,500 $165,800
2019 $2,803 $160,200 $22,500 $137,700
2018 $1,723 $114,500 $22,500 $92,000
2017 $450 $112,500 $22,500 $90,000
2016 $331 $105,100 $24,200 $80,900
2014 $2,156 $94,400 $21,800 $72,600
2013 -- $90,600 $22,300 $68,300
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2016

    Barry Younggreen

    Pine Lake Realty

  • Denise Wilson

    Buyer's Agent in 2016

    Denise Wilson

    BHHS Executive Group RE

    (219) 309-0893

    1 in this area

    104 Total Sales

    Denise Wilson
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 392739

Northwest Indiana Association of REALTORS®

APN: 64-03-34-431-012.000-026

Indiana Porter County Chesterton 46304

280 S Mineral Springs Rd, Chesterton, IN

This home is located at 280 S Mineral Springs Rd, Chesterton, IN 46304 since 27 April 2016 and is currently estimated at $366,831, approximately $141 per square foot. This property was built in 1880. 280 S Mineral Springs Rd is a home located in Porter County with nearby schools including Newton Yost Elementary School, Westchester Intermediate School, and Chesterton Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Indiana Association of REALTORS® Copyright 2025 MuItiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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